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ValOre Metals Announces Additional Platinum Group Assay Results from Pedra Branca Drilling
VANCOUVER, British Columbia, July 07, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today annou
About this update from Valore Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, July 07, 2021 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced additional Platinum Group Element (“PGE”, “2PGE+Au”) assay results from the ongoing 8,000-metre (“m”) drill program at ValOre’s 100%-owned Pedra Branca PGE Project (“Pedra Branca”) in northeastern Brazil. “ValOre’s core drilling at Trapia 1 in 2020 and 2021 has been a great success, with 90% of holes drilled (18 of 20) returning consistent PGE grade and continuity of mineralization outside of the previously defined area hosting the 2019 NI 43-101 inferred resource,” stated ValOre’s VP of Exploration, Colin Smith. “Given the compelling assay results received to date, we will return both core rigs to Trapia 1 following the completion of six holes at Trapia 2, for additional resource expansion drilling.” PGE assay highlights for the additional core holes drilled at the Trapia 1 target: Drill hole DD21TU25* 57.35 m grading 1.00 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from 238.15 m incl. 19.53 m grading 2.18 g/t 2PGE+Au from 270.00 m and 12.50 m grading 0.69 g/t 2PGE+Au, 0.21% Cu, 0.40% Ni from 283.00 m; Drill hole DD21TU27* 23.30 m grading 1.01 g/t 2PGE+Au from 185.00 m; Drill hole DD21TU26* 15.38 m grading 0.61 g/t 2PGE+Au from 140.62 m; Both rigs will return to Trapia 1 for priority follow-up drilling following the completion of six planned core holes at the Trapia 2 target, ~2 kilometres (“km”) northwest of Trapia 1, where the target ultramafic (“UM”) intrusion has been intercepted in 4 of 5 core drill holes to date, with the final hole in progress; Upon completion of Trapia 1 drilling both core rigs will move to the Santo Amaro target (~35 km to the northeast), commencing a planned 2000 m of drilling in twelve holes. *Reported assay interval lengths are core lengths and estimated to be 90-100% true width Additional 2021 Trapia 1 Drilling Results ValOre has received assay results for four additional core holes drilled during the first phase of 2021 drilling at Trap...